Nov 28, 2012 9:00am EST
to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> welcome back to "squawk on the street." we're 12 seconds away from the release of october new home sales. no sector of the economy is more debated than what's going on in the housing industry and most of the recent data has been definitely bottomish if not better. here we go. 368,000. unfortunately that is a disappointment. 390,000 expected. these are of course seasonally adjusted and annualized and the 389 we had last month, which was a 2.5-year high was downgraded to only 369,000. so in the record books it's only going to look like down 1,000 but both the actual number and the revision are a bit disappointing even though the actual number in percentage terms is only down 0.3 of 1%. back to you. >> numbers like castro oil to the market right now. down 62 and now down 78. >> diana olick, what do you make of it? >> a big disappointment. we got a much bigger drop than expected. that shot the month's supply up to 4.8-mont
Nov 28, 2012 1:00pm EST
that back floor of the new york stock exchange. my capital getting a boost again. nicole: geico is right around the corner. a question of who will actually get knight capital. we have charles gasparino doing a great job. geico proposing a $1.4 billion deal. then you have virgin financial. maybe buying knight capital for 1.1 billion. this is an ongoing story. some of the other guys on wall street have stepped in, including geico. my capital with all this chatter about who may step in and take over. back to you. tracy: nicole, we will see you at the top of the hour. ashley: today's weaker than expected rate on home sales raised questions on whether the housing really was making a comeback. coldwelllbanker ceo shares his take in this next. tracy: let's take a look at some of today's winners and losers on the nasdaq as we head out to break. ♪ tracy: cosco hoping for the best, but expecting the worst as it becomes the latest company to issue a special dividend. our very own robert greg in the newsroom. >> take a look at it. seven dollars a share for a one-time payout for cosco shareholders.
Nov 28, 2012 7:00am PST
you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. >>> to politics now. republicans are reviving immigration reform. kay bailey hutchison and jon kyl introduced the bill they call the achieve act. unlike the act, this bill does not guarantee a path to citizenship. >>> at the white house, mexico's president-elect backed president obama's plans to push for immigration reform. vice president biden will lead a u.s. delegation to the inauguration on saturday, a trip president obama admits he envies. >> any excuse to go to mexico i'm always game. in fact, i'm jealous of joe biden. >> secretary of state hillary clinton, meantime, who is expected to step down in the months ahead, is reflecting back on the last four years. who has impacted her more than anyone else she's met over hundreds of thousands
Nov 28, 2012 2:00am PST
of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> welcome back. florida's stand your ground law could be at the center of another murder case now. this time a murder suspect says he was threatened after he asked four african-american teenagers in an suv to turn down loud music at a jacksonville gas station. that they cursed him and flashed a shotgun as well. that's when his attorney says he decided to defend himself. police say 25-year-old michael dunn peppered the suv with eight or nine bullets. two of them hit 17-year-old jordan davis. there's a picture of him right there, killing him. martin savage is following developments from our headquarters in atlanta. what can you tell us about the story? >> good morning. the latest is michael dunn was arrested on saturday. he had his first court appearance on monday entering a plea of not guilty to the count of murder and attempted murder. and he's